15 Grants for expenditure by colleges of advanced education for college purposes
(1) In relation to each college of advanced education specified in Column 1 of Part I of Schedule 8, there is payable to the State in which the college is situated, for the purposes of financial assistance in relation to the expenditure of the college for college purposes in respect of a year to which this Act applies, the amount specified in Part I of Schedule 8 in relation to that college and to that year.
(2) Financial assistance is granted to a State under subsection (1) in relation to a college of advanced education in respect of a year to which this Act applies on the conditions that:
(a) the State will pay each amount of that financial assistance received by it to the college without undue delay;
(b) the State will ensure that the total amount expended by the college for college purposes in respect of that year is not less than the sum of the amounts of financial assistance paid to the State under subsection (1) in relation to the college in respect of that year;
(c) the State will ensure that each college of advanced education situated in the State does not charge any student fees in respect of that year or a part of that year;
(d) the State will ensure that the college furnishes to the Commission, not later than 30 September next following the end of that year, a statement by a qualified auditor, in accordance with a form approved by the Commission, as to the expenditure of the college for college purposes in respect of that year accompanied by a certificate by the auditor:
(i) certifying whether he is satisfied that the prescribed staff of the college comprising each category or class of persons in respect of which the Academic Salaries Tribunal had, in a report or reports of that Tribunal, recommended a rate of salary, or a scale of rates of salary, applicable to that year or a part of that year had been paid salary, in respect of that year or that part of that year, in accordance with those recommendations; and
(ii) if he is not so satisfied—certifying, in respect of each of those categories or classes of persons in respect of which he is not so satisfied, the rate or scale of rates at which salary was paid, in respect of that year or that part of that year, to the prescribed staff of the college comprising that category or class; and
(e) the State will cause to be furnished to the Commission by the college, not later than such date as the Commission specifies, such statistical and other information as the Commission requires from the college in respect of the provision of tertiary education by the college during that year.
(3) Where a college of advanced education is specified in Column 1 of Part IV of Schedule 8 and an amount is specified opposite to the name of that college in Column 2 or 3 of that Part, financial assistance in respect of the year to which that Column relates is granted under subsection (1) to the State in which the college of advanced education is situated on the further condition that the State will ensure that the amount expended by the college in respect of that year for college purposes, being purposes that will enable the college to provide, or develop and provide, courses in applied science, technology or business studies, is not less than the amount specified opposite to the name of that college in that Column.
(4) Where a determination is made under subsection 5(5) relating to the provision of a course of advanced education at a college, any expenditure in connection with preparation for the introduction of the course (not being expenditure incurred for the purpose of making a further submission to the Commission concerning the course), or, if the course has been introduced at the college, in connection with the provision of the course, that is incurred by the college while the determination is in force, shall not be treated as expenditure by the college for college purposes in the application of subsection (2) of this section and section 17 to and in relation to financial assistance granted to a State in relation to the college.
(5) In determining, for the purposes of subsection (2) of this section and section 17, the amount expended by a college of advanced education for college purposes in respect of a year, where the total expenditure incurred by the college in connection with the provision, in respect of that year, of courses of continuing education provided in accordance with a program of continuing education approved by the responsible authority for the State in which the college is situated exceeds the greater of $50,000 and an amount equal to 1% of the amount specified in Part I of Schedule 8 in relation to the college, an amount equal to the greater of those amounts shall be treated as the total amount of expenditure so incurred.